Thursday, 19 May, 2022
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Economy

India’s power market is booming. But it’s bad for business

The booming power market hasn’t translated into good times for the industry. Of 45 Indian electricity companies, just two are covering their cost of capital.

India isn’t alone, 2 billion informal workers around the world are badly hit by Covid-19

From Southeast Asia to South America, world's 2 billion informal workers are suffering the earliest & most devastating effects of coronavirus & social distancing.

India’s appeal to foreign investors will depend on how it tackles Covid-19 crisis

If India demonstrates ability to contain Covid-19 & manage socio-economic implications, foreign investors will be interested in investing long-term.

Everything is rotting, say Maharashtra and Karnataka farmers as shut markets spell doom

Unseasonal rains, manpower shortage and no buyers have left farmers in Maharashtra and Karnataka staring at destruction as their produce lie rotting in fields.

Global economy could shrink by almost 1% in 2020 due to COVID-19 pandemic: UN

Analysis by the UN Department of Economic and Social Affairs noted that before the pandemic, world output was expected to expand at 2.5% in 2020.

Now, return of Boeing 737 Max has to overcome work-from-home challenge

Boeing has to pull off the ultimate work-from-home challenge: Certifying an airplane with regulators who are self-isolating on different continents.

Lockdowns have dragged global manufacturing into a historic slump

Figures from Asia to Europe and the US show manufacturing taking a severe hit, with demand, employment and production all in decline.

V, U, W, L or Nike Swoosh? Economists are trying to figure out shape of global recovery

A V-shape in which the rebound is as swift as the slump was the favoured trajectory early on, but now more are starting to worry about a U-shape.

Covid-19 lockdown blocks sale of more than Rs 6,000 crore-worth BS IV vehicles

The government had mandated that only BS-VI-compliant vehicles could be sold and registered in India from 1 April 2020.

GST collections fall to Rs 97,597 cr in March from Rs 1.05 lakh cr in February

Of the total Rs 97,597 crore GST revenue, the central GST stood at Rs 19,183 crore, state GST at Rs 25,601 crore and integrated GST at Rs 44,508 crore

On Camera

YourTurn

PT Pertamina Balongan refinery in Indramayu, Indonesia | Representational image | Bloomberg

Asian refiners to ramp up gasoline exports to US as sky-high prices beckon

In Asia, gasoline margins have doubled to more than $33 a barrel since the end of March and have edged above those for diesel, which have eased from a peak in early May.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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